Generally speaking, the expenses usually incurred in buying a car include: car price, vehicle purchase tax, compulsory insurance, insurance, license fee for handling cars, inspection fee, vehicle and vessel use tax, maintenance fee, gasoline fee, etc.
The entries are as follows:
When buying a car, the car price and vehicle purchase tax are included in the "fixed assets" subject. Borrowing: fixed assets loans: bank deposits, etc.
Car insurance, car license fee, inspection fee, etc. Are included in the "management fee" subject. Borrow: management fee-auto insurance loan: cash, etc.
Car maintenance fees paid in highway management offices or banks are included in the "management fees" subject. Borrow: management fee-road maintenance fee loan: cash, etc.
Vehicle and vessel use tax is paid to the tax bureau or the bank designated by the tax, and is included in the "management fee" subject. Borrow: management fee-vehicle and vessel use tax loan: cash, etc.
Maintenance costs, gasoline costs, etc. Borrowed: management fee-car loan: cash, etc.
Accounting of expenses related to car purchase
1, the car price and vehicle purchase tax are included in the "fixed assets" subject.
2 production costs and license fees are all included in the "management expenses-car expenses" subject.
3. The automobile depreciation period is 4 years according to the tax laws and regulations, and the residual value rate is 5%.
4. Depreciation can be extracted by the average life method.
Annual depreciation amount = original value of fixed assets *( 1- residual value rate)/depreciation period
Monthly depreciation amount = annual depreciation amount/12
Depreciation will be withdrawn from fixed assets next month.
Debit: management expenses-depreciation expenses
Credit: accumulated depreciation
How to make accounting entries when a company borrows money to buy a car? Is interest included in financial expenses or fixed assets?
Borrow: fixed assets
Loans: bank deposits
short-term loan
When you buy a car with a loan, the interest should be included in the financial expenses.
How to deal with the accounting of vehicle insurance premium?
1, if it is a management car.
Borrow: management fee-vehicle insurance fee
Loans: bank deposits
If the sales department uses this car,
Borrow: sales expenses-vehicle insurance.
Loans: bank deposits
3, production workshop car
Borrow: manufacturing cost-vehicle insurance premium
Loans: bank deposits
What subjects does the service charge for buying a car include?